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In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.
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Ghana regulator defends fuel price floor amid industry pressure
Ghana’s National Petroleum Authority (NPA) has rejected renewed calls to scrap its fuel price floor, saying market distortions persist and removing the policy could destabilise the downstream petroleum sector.
Iran’s private sector to process 12% of crude under partnership deals
The state-owned National Iranian Oil Co. (NIOC) has handed over 12% of the country’s crude oil production and processing to the private sector, a company official said.
NNPCL charters two Suezmax tankers to supply Dangote oil refinery
NNPCL has chartered two Suezmax tankers to secure steady crude deliveries to Dangote’s 650,000bpd refinery near Lagos, extending a shipping strategy first launched in 2024 to reduce reliance on volatile spot markets and stabilise feedstock supply.
Kenya seeks $824mn from pipeline company privatisation as debt pressures mount
Nairobi has launched the KPC privatisation targeting $824mn from an IPO that values the fuel transporter at about $1.27bn, amid a push for new funding for infrastructure amid rising debt-servicing costs.
Nigeria’s Dangote signs $350mn deal with India’s EIL to double Lagos refinery capacity
Dangote Group has signed a $350mn agreement with India’s state-owned Engineers India Ltd (EIL) to expand the Dangote Refinery and Petrochemicals Complex in Lagos
Angola’s Lobito refinery 23% complete
Angola’s $3.8bn Lobito refinery is now expected to be completed in July 2027, with the project currently 23% complete, according to Quantum Commodity Intelligence.
Star Oil pays $243mn in taxes as Ghana’s fuel market weathers price pressures
Star Oil said it paid more than GHS2.63bn ($243mn) in taxes and statutory levies in 2025, underscoring its contribution to public finances as living costs bite.
Nigeria's Dangote refinery to more than double capacity to 1.4mn bpd within three years, says CEO
Dangote Petroleum Refinery plans to more than double capacity to 1.4mn bpd within three years, with CEO David Bird saying the expansion will use a “roofless replication” model to fast-track procurement and construction.
SABIC avoids $4bn in future losses with decision to divest from assets outside of Saudi Arabia
Saudi Basic Industries Corporation (SABIC) has said that its decision to divest from numerous assets outside Saudi Arabia has helped stem the potential loss of $4bn in the future.
Nigeria’s petrol price war continues into 2026
Nigeria’s petrol price war has continued into 2026 with local retail outlets opting to drop the price of petrol below the N739 ($0.52) recommended by the country’s 650,000 barrels per day (bpd) Dangote refinery.
COMMENT: Instability in Iran bigger threat to global oil markets than Venezuela
The mass demonstrations rocking Iran presents a far more serious risk to global oil markets than the US decapitation of Venezuela, according to note by Kieran Tompkins, Senior Climate and Commodities Economist at Capital Economics.
Niger revokes tanker licences amid Mali fuel blockade by jihadists
Niger has revoked the licences of 33 fuel transport operators and drivers after they refused to deliver petrol to neighbouring Mali, where jihadist attacks on tanker convoys have intensified
Nigeria’s fuel imports fell 54% over two years as Dangote refinery reshaped market, CBN data show
Nigeria’s spending on refined fuel imports fell 54% to $6.71bn in the first nine months of 2025, according to Central Bank data, as subsidy removal and rising domestic refining – led by the Dangote refinery – begin to curb forex outflows.
Nigeria's Dangote Refinery halts petrol imports as supply stabilises, marketers say
Petrol imports into Nigeria have ceased as domestic supply from the Dangote Refinery is now meeting demand, oil marketers said.
Nigeria’s Eterna Plc launches $14.3mn rights issue to fund downstream expansion
Nigeria’s Eterna Plc (NGX:ETERNA) has launched a $14.3mn rights issue to fund retail network expansion, LPG assets and lubricant plant upgrades as fuel market deregulation reshapes the downstream sector.
Iranian firm claims breakthrough in petrochemical technology, IRGC cyber unit reports
Iranian firm claims breakthrough in petrochemical separation technology according to IRGC cyber unit, though claims could not be independently verified and timing raises questions about credibility.
Nigeria LNG accelerates completion of $10bn Train 7 project
Nigeria LNG Limited is intensifying efforts to complete its $10bn Train 7 expansion on Bonny Island
Nigerian billionaire Dangote withdraws petition against ex-NMDPRA chief as ICPC probes continue
Aliko Dangote has withdrawn his petition against former Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer Ahmed Farouk
Nigeria: Afreximbank provides $64mn facility to Levene Energy for Axxela stake
Afreximbank has provided a $64mn acquisition finance facility to Levene to support its purchase of a 30% stake in Axxela Limited, marking the trader’s entry into Nigeria’s regulated midstream & downstream gas infrastructure market.
Nigeria’s oil regulators move to end overlaps as NUPRC, NMDPRA deepen coordination
Nigeria’s oil regulators NUPRC (upstream) and NMDPRA (midstream/downstream) have agreed to bolster coordination to resolve regulatory overlaps, as part of efforts to improve governance, attract investment under the Petroleum Industry Act framework.
Nigeria’s Dangote refinery tackles shutdown rumours
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery released a statement on January 5 that production was ongoing, and that routine maintenance would not have an impact on output.
EACOP set to be finished this year as construction nears end
The East African Crude Oil Pipeline (EACOP) project is set to be completed by July 2026 after years of difficulties.
Saudi's Sabic sells US and European assets for $949mn
Saudi petrochemical giant Sabic divests engineering thermoplastics assets in US, Europe and Latin America for $949mn to prioritise high-growth markets and improve capital returns.
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